A promotional slide for Seoul Metropolitan Government’s Regional Innovation System & Education program / Courtesy of Kookmin University
Kookmin University stated the varsity has been selected for the Seoul Metropolitan Government’s Regional Innovation System & Education (RISE) program, securing 2.6 billion gained ($1.8 million) in funding over 4 years.
Receiving 650 million gained yearly for 4 years from the Seoul Metropolitan Government, a Kookmin University official stated it can help the commercialization of college analysis outcomes and expertise switch linked to Seoul’s 5 key strategic industries: synthetic intelligence, bio-health, fintech, robotics and inventive industries.
To handle structural limitations which have restricted the switch of college applied sciences to {industry} use, Kookmin University plans to ascertain sector-specific councils involving firms, researchers and {industry} practitioners. It additionally goals to construct a standing cooperation pipeline between the college and companies.
The official added it can additionally give attention to advancing demand-driven college analysis together with a enterprise improvement system by figuring out technical challenges and new enterprise alternatives amongst Seoul-based startups and small and medium-sized enterprises, matching them with promising applied sciences held by the college.
According to the Seoul Metropolitan Government, the college was extremely evaluated for its startup help capabilities.
In final yr’s JoongAng Ilbo University Rankings, Kookmin University ranked second in industry-academic cooperation income per science and engineering school member” third in technology transfer income per science and engineering faculty member, first in sales per startup company and seventh in startup support funding.
The university was also selected for the Seoul Campus Town entrepreneurship program.
The university attributed its performance to an integrated technology commercialization support system linking its industry–academic cooperation foundation and technology holding company, as well as its expansion as a company builder–type accelerator covering technology transfer, startup incubation, investment and post-management.
“The selection marks a turning point in connecting the university’s accumulated industry–academic capabilities with Seoul’s strategic industries,” said Son Jin-sik, head of Kookmin University’s industry–academic cooperation foundation and vice president for planning.
“We will foster a deep-tech-based innovation startup ecosystem in northeastern Seoul, where the industrial base is relatively weak, and create a mutually beneficial growth model in which the university and the region grow together.”